Scenario-based Roadmapping of Blockchain in the Financial Payments Industry

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Abstract

Blockchain is famously known for its applications in the cryptocurrency space, with staggering market caps and volatile movements, widespread attention cannot be missed in society but also not in financial markets, especially the payments industry. Large-scale diffusion in the payments industry has not yet happened. This research project deals with the question “Which strategies are available to remain competitive in the blockchain-based future?”. A qualitative scenario-based roadmapping method is utilized as a foundation in this research project. The qualitative activities of this research method translate into workshop and interview activities to collect data. A workshop is used for scenario development and interviews for the roadmapping. Finally, a multi-scenario roadmap is developed, containing strategic pathways that can be used to leverage the competitive blockchain environment, resulting in available strategies to remain competitive in a blockchain-based future.